Luno Cuts 20% of Workforce in Major Restructure

Crypto exchange Luno is cutting 20 percent of its global workforce as part of a major company restructure. The exact number of affected employees, including those in South Africa, remains undisclosed at this time.

The company is reorganizing its operations into three distinct units. This shift comes as the industry deals with a sustained downturn in retail trading and a growing focus on automation.

Traders and industry watchers should keep an eye on how these internal changes affect platform performance and user support. Restructuring often signals a strategic pivot as exchanges adapt to shifting market conditions.